Why Cryptocurrency YouTubers Charge So Much For News
New York City: A lot of people think crypto YouTubers are paid by the companies they promote, said Mr. Right, the well-known cryptocurrency YouTuber, but that’s not true at all! In fact, many cryptocurrency youtubers aren’t even human; they’re just robots programmed to put out cryptic messages that make no sense at all! We were curious how YouTubers are paid, so we asked some of them how they get paid and what their rates are like. Find out more about how YouTubers get paid below!
Why Cryptocurrency YouTubers Charge So Much
Crypto news market
The cryptocurrency news market is one of those strange markets where supply and demand are completely out of balance. There are very few people who actually understand cryptocurrencies and even fewer that can explain it in a way that isn’t confusing to most people. Since there’s such a huge gap between supply and demand, there are plenty of people willing to pay for quality crypto news—thereby giving creators leverage in their negotiations with advertisers. In other words, because youtubers can be choosy about their sponsorships, they have more options than your typical ad-supported content creator.
Average income of Youtubers
The average annual income of a Youtuber is estimated to be around $4,300 USD annually. And, while that’s not enough to pay for all your expenses, if you’re a major influencer like Casey Neistat or PewDiePie you can earn more than 6 figures and make an even bigger impact on crypto news. Some cryptocurrency youtubers charge alot for crypto news that people subscribe to their channel but why are they charging so much? One reason is because these Youtubers generate millions of dollars from advertisements displayed on their channel and from sponsored posts. Thereby making it no surprise that they have become millionaires over night.
Crypto news by the numbers
The most valuable cryptocurrency is Bitcoin, which has a market cap of more than $100 billion. Ethereum comes in at number two with a market cap of $26 billion. Ripple is third on the list with a market cap of $7 billion, while Litecoin and Dash take fourth and fifth place respectively. They’re all currencies that you can trade through specialized exchanges, like Coinbase or Poloniex. And they have their own dedicated news sites, as well: Coindesk CryptoCoinNews , CCN Markets , and Coin Spectator are just some examples (an exhaustive list can be found here ). But why should you pay for crypto news? The answer to that question depends on what type of trader or investor you are.
How it works
It’s not just cryptocurrencies like bitcoin and litecoin that have been soaring in value. The people who are making money by trading those coins, are doing so at a much faster rate. That demand has spawned an entire industry of cryptocurrency youtubers and newsletter writers who, for a fee, give subscribers early access to their crypto analysis as well as predictions about what coins they think will rise or fall in value. While many followers swear by these paid newsletters (calling them the coin market insights gold standard), some skeptics point out that some crypto youtubers may be biased or profiting off of information they shouldn’t be selling.
How do I get content?
Why do cryptocurrency YouTube channels charge so much for news? It all comes down to trust. People are putting a large amount of money on cryptocurrency, and there’s little transparency in which news is correct and which is not. There’s no real way to verify what information these channels provide, either – at least not directly. People are relying on certain people who they trust as insiders or experts to get them through potentially rough waters, and for that kind of trust to work well, it needs to be developed over time – just like any relationship with anyone else.
After publishing my first post on Medium, I definitely learned a few things that I would have liked to know before beginning: Although it’s a great idea to brainstorm and draft your post before hand, once it’s ready to publish don’t think too much about what you write. It can be tempting, especially when you put yourself out there like you are doing by publishing on Medium or trying something new in general, but writing should come from emotion and inspiration. That being said, make sure you proofread for any mistakes! There’s nothing worse than seeing a typo in your published work; always check for spelling and grammar mistakes when editing your post.